# CA Reversal Prediction: OECD vs. Non-OECD

| Variable | Full | OECD | Non-OECD |
|:---|---:|---:|---:|
| Z_1 | -0.5539** | -0.3149 | -0.7337*** |
| | (0.2339) | (0.6684) | (0.2734) |
| Z_2 | 0.0984*** | 0.0405 | 0.1277*** |
| | (0.0351) | (0.0904) | (0.0417) |
| Z_3 | -0.0046*** | -0.0014 | -0.0058*** |
| | (0.0014) | (0.0034) | (0.0017) |
| fiscal_bal_gdp | -0.0033*** | 0.0016 | -0.0042*** |
| | (0.0010) | (0.0020) | (0.0012) |
| nfa_gdp_lag | 0.0224*** | 0.0133 | 0.0195*** |
| | (0.0049) | (0.0132) | (0.0054) |
| rgdp_growth | -0.0019** | 0.0103*** | -0.0026*** |
| | (0.0009) | (0.0024) | (0.0010) |
| kaopen | 0.0005 | -0.0123 | 0.0055 |
| | (0.0040) | (0.0077) | (0.0047) |
|:---|---:|---:|---:|
| N | 5489 | 1301 | 4188 |
| R² | 0.0285 | 0.0233 | 0.0180 |
| Countries | 174 | 37 | 137 |

*Standard errors in parentheses. Logit columns report marginal effects at means.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*